The global crypto market has seen a negative trend over the last day. The recent performance of Bitcoin, Binance Coin, and others shows there has been no improvement. As the market continues to recede, there has been a decline in investor gains. If the current situation persists, there is a chance that the market loses further value. The market has made attempts to regain strength but hasn’t been able to do so.
a16z has appointed ex-CFTC commissioner Quintenz as the head of policy. Brain Quintenz joined the company last year as the head of policy. The ex-CFTC commissioner will serve the company in enhancing its Web3 and crypto services. The firm has released a statement regarding his joining the company and his services. Quintenz’s elevation to the role comes as US lawmakers prepare fresh regulations to oversee the crypto industry.
The CFTC is among the organizations that are expected to bear high responsibility in the evolving market after the failure of big names. These failures have left investors in a difficult situation as the market lost billions of dollars to the collapse of various big names. According to a16z’s statement, Quintenz has been instrumental in helping the company manage Washington’s policy landscape.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC continues recessive
Bitcoin Lightning company Strike has enabled payments to 3 African countries. The instant payments can be converted to naira, cedi, or shillings. Furthermore, these payments can be deposited into the recipient’s bank, mobile money, or Binance account.
The recent changes for Bitcoin show a continuation of the negative trend. The latest data shows that it has shed 1.37% over the last 24 hours. The seven-day data shows that it has added 3.34%.
The price value of BTC is currently $327,228,303,631. The market cap value of Bitcoin is estimated to be $327,228,303,631. The 24-hour trading volume of Bitcoin is about $19,496,780,719.
BNB still in losses
Binance is one of those names that have seen a considerable rise following the collapse of major companies. The collapse of FTX has resulted in the triggering of a 30% hike in Binance trading activities. The mentioned company is one of the few major exchanges left as the market faces turbulence.
The performance of Binance Coin has also seen a negative trend. The latest data shows that it has shed 2.12% over the last day. The weekly performance of this coin shows a loss of 4.67%.
The price value of BNB is currently in the $288.49 range. The market cap value of this coin is estimated to be $46,150,145,589. The 24-hour trading volume of the same coin is about $5,503,322,339.
CHZ sees no hope
As the market has remained recessive, there has been a recession in the value of Chiliz. The latest data shows that it has shed 3.17% over the last day. The seven-day data shows that it has shed 1.33%. The price value of CHZ is currently in the $0.1614 range.
The market cap value of Chiliz is estimated to be $990,293,034. The 24-hour trading volume of this coin is about $144,635,733. The same amount in its native currency is about $144,635,733.
XTZ trying to revive
The value of Tezos has continued to fluctuate due to the negative trend. The latest data shows that it has shed 1.15% over the last day. The seven-day data shows that it has added 2.90%. The price value of XTZ is currently in the $1.01 range.
The market cap value of Tezos is estimated to be $930,407,032. The 24-hour trading volume of this coin is about $16,516,285. The circulating supply of this coin is about 918,770,194 XTZ.
Final Thoughts
The global crypto market has seen a negative trend over recent hours. The latest data shows that Bitcoin, Binance Coin, and others are still recessive. As the negative trend continues the market has regressed. The global market cap continues to fluctuate over recent hours. The latest data shows that it is estimated to be $853.18 billion.
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